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NewsAlert June 2011 |
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The OECD analyzes administrative aspects of transfer pricing in several countries. CCCTB faces resistance from national Parliaments. |
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The OECD
released an analysis of optimization of tax payers’ and tax administrations’
resources. The common consolidated tax base likely to be delayed, possibly
for good. |
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Transfer pricing is not for tax people
only – does everybody know the way to common good? Do management accounting department understand the Head of
Tax’s needs when it comes to preparing group’s transfer pricing
documentation? What is the cost of uncoordinated tax structure caused by
people not fully understanding each other’s work? Alder & Sound helps companies’ finance, legal and tax
experts to find a common language in utilizing the tax opportunities of
transfer pricing. We interpret the aspects of law, taxation and financing in
order to help you reach the best possible results for your company. TP Academy training
sessions for this autumn are sold now. Contact our partners and book yours! Way ahead in sound expertise Alder
& Sound Oy is the leading independent service provider of transfer
pricing, valuation and business restructuring services in Finland. A&S is
a member of Transfer Pricing Associates, an international network of
the leading independent global providers of transfer pricing and tax
valuation services. A&S was awarded by International Tax Review as
the best Finnish Transfer Pricing company of the year in 2011. Read
more: www.aldersound.fi/en |
The OECD publishes a multi-country
analysis of transfer pricing simplification measures The OECD has published an analysis of techniques that may be
implemented by countries to optimize the use of taxpayers’ and tax
administrations’ resources in transfer pricing compliance. The analysis is
based on a project on the administrative aspects of transfer pricing launched
in 2010. During the project, the transfer pricing simplification measures
of 33 countries were identified and analyzed. The purpose of the project was
to find less resource-intensive yet effective ways for tax administration to
improve the enforcement of transfer pricing documentation. For tax payers,
the analysis (published on www.oecd.org) provides an opportunity to consider the potential
simplification measures applicable in their operating countries. The analysis and the responses received will be used to inform
the OECD’s future work on the administrative aspects of transfer pricing that
will include e.g. the review of the existing guidance especially on safe
harbors in Chapter IV. Common consolidated tax base (CCCTB)
likely to be delayed – once again The European Commission’s proposal for a common system for
calculating the tax base of businesses operating in the EU is likely to be
delayed. The idea of the system, better known as CCCTB, was first brought up
within EU already a decade ago. Considering the current state of affairs, the
approval, not to mention the national implementation of the system, is in
danger to be postponed yet again, possibly for good this time. The CCCTB system, aiming to reduce the administrative burden and
legal uncertainties for businesses operating in the EU, is seen to violate
the subsidiarity and the proportionality principles
by a number of national Parliaments. Deadline for the reasoned opinions
regarding the content of the proposal was May 18, 2011 but the parliamentary
scrutiny is still unfinished in many of the member states, Finland among
them. So far e.g. Ireland, Malta, Netherlands, Poland and Sweden have
expressed their reasoned concerns.
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